A person or a company that puts a lien on a vehicle is a "lien holder" that is on the title. It is not recognized as ownership.
yes
If I have a car in my name with a lien on it and the car Is only god for scrap metal can I put the loan lien on my wifes car if she transfers the car to me.
The only way that a person could register a car in one name and title it to another in CA would be if you put the person who is going to operate the vehicle as the "Registered Owner" and put the other person on as the "Legal Owner" This would mean the person who is listed as the "Lien Holder" would receive the title and the vehicle can not be sold or transferred without the lien holder signing off the title. Vehicle Registration Wizards @ vehregwizard@gmail.com
Yes, you can put a lien on a bonded title.
The car belongs to the person listed as the owner on the title. Listing someone as the lien holder does not make them the owner.You can't transfer a motor vehicle when you know there's a lien on it. The lien would be reflected on the title and a prudent buyer wouldn't take title that is encumbered by a lien.
as long as you physically have the title in your possession and its in your name and they haven't signed the back, you are still the legal owner. A title company would have to give proof of your financial obligation to them
You will have to get a new title showing yourself as lien holder
That would be counterproductive if the title you hold is in your name. If you are holding the title for someone else, a lien would only make a difference when they sell the car--and it has to meet certain criteria.AnswerNo. You cannot place a lien on your own property legally since there is no separation of title. A lien gives the lien holder a legal interest in the property of another. If you are holding property in your name for someone else, the title is in your name and you cannot place a lien against it.
Auto cash title loans do not put a lien on your car. What happens is you surrender the title to the loan company and they give you cash. If you fail to pay back the loan, they have the title and are now able to legally come and take your vehicle.
how can i put a lien on a motor vehicle for a loan that was put out and no payment made yet on the personal loan
If you don't hold the title to that truck, you have nothing to put a lien on. The title holder is the actual legal owner of that vehicle, and when you say you're saying that you're leasing it from your "employer" (in reality, you, as a lease operator would be a 1099 contractor, not an employee), it tells me they hold the title on the truck, and already have a lien on it, as well.You have nothing to put a lien on, plain and simple.
Record lien on title- as 1st lien holder